CIRCULAR TO MEMBERS NO.18 of 2017                                                         5th July, 2017

Dear Members,

 

Re: 48th Anniversary of Bank Nationalisation in India

      Observe 19th July,2017 as “Save Public Sector Banks Day”

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With regards to the above we reproduce hereunder the text of a circular issued by the Convenor of UFBU for your information and compliance:

 “All our unions and members are aware that Public Sector Banks have been playing a pioneering role to ensure broad-based economic development in our country.  Public sector banking started with State Bank of India coming into being from 1st July, 1955 and later in 1959 with 7 Associate Banks of SBI.  But nationalisation of 14 major private banks on 19th July, 1969 changed the banking map and another 6 private banks were also nationalised in 1980.  Regional Rural Banks were also ushered in 1975 further expanding public sector banking. Thus public sector banks became the main engine of growth and development of our economy constituting nearly 90% of the total banking system in India.  The achievements and contributions of the public sector banks have been phenomenal and unprecedented and today banking services touch the lives of every Indian citizen.  Their reach out to the people through vast branch network, deposit augmentation capacity and credit dispensation capabilities are indeed, unparalleled.  Thus public sector banks transformed class banking to mass banking.

However, despite their impressive achievements and contributions all these years, notwithstanding the fact that public sector banks have become the backbone of our economy and unmindful of the experience that our PSBs were the shield that protected our economy from the global financial turmoil that swept almost every continent, the Government has been pursuing their agenda of banking reforms and liberalization policies.  Thanks to the united and consistent struggles of bank employees trade union movement under the banner of United Forum of Bank Unions,  banks continue in public sector but Government is hell-bent on pushing through their reforms agenda of privatisation and consolidation of our Banks with view to hand over these great financial institutions back to private vested interests.

Today one can see the orchestrated attempts to starve the banks of adequate capital and forcing them to go private.  The Government is also weakening public sector banks by allowing free entry of private corporates and business houses to start their own Banks, licences to open Payment Banks, Small Banks, etc.  The whole idea is to de-integrate PSBs and encourage private sector banking.  In a developing country like ours, weakening public sector banks and focusing on private banks will be disastrous and suicidal.  Hence we need to continue our struggle against these anti-people banking reform measures and defend public sector banks at all costs in national interest.

It is not only their attempt to privatise the Banks, but also consolidate them through mergers with the ostensible reason to create big Banks.  Already we have the experience of failures of many big private banks worldwide including the USA.  The myth that big banks are automatically strong banks has since been broken by such huge bank failures. 

But unfortunately, the Government is pursuing this fatal policy risking the hard-earned savings of the common people.  Big banks would mean taking bigger risks which our country can hardly afford.  Hence we must oppose these pursuits of mergers and amalgamation of Banks.

 The only main challenge our Banks are facing today is the alarmingly increasing bad loans decorously called by them as NPAs.  It has crossed all acceptable proportions and have reached dangerous level threatening the very sustainability and viability of our Banks.  Bad loans are today eating into the vitals and credibility of our banking system.  But everyone knows that the main share of burden of this danger is due to corporate defaulters who are taking our banks for a ride.  Regrettably but understandably, due to the strong political nexus, the Government is not taking any tough measures to recover these bad loans.   On the other hand, all types of concessions are being doled out like interest waivers, one-time settlement, compromises, CDR, SDR, S4A, provisions, haircuts, write offs, etc. etc.  Banks are earning very good operating profits but are bleeding with net loss due to adjustment for bad loans(NPAs).  To cover up these losses, customers and banking clients are made the scapegoat by hike in all types of service charges, fees and penalties.  It is high time that Government takes stringent measures to recover these bad loans and take bold action on these big defaulters.  PSBs are made to bear the cross for the sins of the private corporate defaulters.

Public Sector Banks have to be defended and saved.  Social banking has to be strengthened and expanded.  These Banks are nation building institutions and they must remain so.  It is the paramount duty of all of us to champion this cause and take it as our prime task.  Hence UFBU has decided that as part of our ensuing struggle and campaign programmes, 19th July, 2017 which marks the 48th Anniversary of nationalisation of major Banks, to be observed as “SAVE PUBLIC SECTOR BANKS DAY” with the following programmes:

 

  1. Badge Wearing by all our members
  2. Posters to be displayed before all branches
  3. Distribution of leaflets
  4. Press release
  5. Holding joint Rallies/Demonstrations in all stations all over the country

We call upon all our unions to implement these programme successfully under the auspices of State-level UFBUs with proper co-ordination and unity.”

 

With greetings,

 

                                                                                                 Yours sincerely,

                                                                                                   (K.K.NAIR)

                                                                                         GENERAL SECRETARY

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Specimen for Badges and Posters

 

SAVE

PUBLIC SECTOR BANKS

ALL INDIA DAY ON 19TH JULY, 2017

__________________________________

 

WE  DEMAND

  • STOP ANTI-PEOPLE BANKING REFORMS
  • DO NOT PRIVATISE PUBLIC SECTOR BANKS
  • STOP PLANS OF MERGER OF BANKS
  • DO NOT ALLOW CORPORATE DEFAULTERS TO KILL OUR BANKS
  • TAKE CRIMINAL ACTION ON WILFUL DEFAULTERS
  • RECOVER CORPORATE BAD LOANS – DO NOT WRITE-OFF
  • DO NOT PASS ON THE BURDEN OF CORPORATE NPAs ON BANK CUSTOMERS THROUGH HIKE IN SERVICE CHARGES

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UNITED FORUM OF BANK UNIONS

 (AIBEA – AIBOC – NCBE – AIBOA – BEFI – INBEF – INBOC – NOBW – NOBO)

 

 

 CIRCULAR TO MEMBERS NO.17 OF 2017                                                 4th July, 2017

 

Dear Members,

 

Re: Meeting of UFBU held at Mumbai on 28th June, 2017 –

                        Restrictions in Negotiations on Charter of Demands for Officers

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Further to our Circular No.16 of 2017 dated 29th June, 2017 we wish to inform that UFBU has since taken up the issue of Restrictions in Negotiations with Shri Rajeev Rishi, Chairman, IBA. The text of the letter addressed to the Chairman IBA by the Convenor, UFBU is reproduced hereunder for your information.

 

“You are aware that prior to 1979, pay scales and service conditions of Bank Officers were different in different Banks.  But having regard to the need for uniformity, the Government appointed Pillai Committee on standardisation of pay scales and service conditions and thus, since then, the entire set of rules and service conditions for Officers of all Scales and in all Banks have been standardised and made uniform. 

 

Right from 1984, when the first Joint Note was signed between IBA and Officer Associations, the pay scales, service conditions, etc. have been made composite from Scale-I to Scale-VII notwithstanding the fact that even at that time,   Scale-VI and Scale-VII Officers were defined as Top Management Grade Officers.  In all the subsequent discussions and Joint Note signed between IBA and Officers Associations including the last one signed in May, 2015, it has been a composite one. 

 

In this background, we find that the stand of some of the managements to restrcit their mandate upto Scale-III only is illogical and unfair.  Further, based on this conditional madate of a few Banks, the IBA has also taken a stand that the discussions on the Charter of Demands of Officers will be restricted upto Scale-III Officers only.  You will appreciate that the majority of the Banks have given unconditional mandate and hence the stand of the IBA to restrict the negotiations is unacceptable as it will vitiate the existing procedure followed so far. 

 

Having regard to the past practice, Officers Service Regulations (OSR) being a composite set of rules for Officers from Scale-I to VII and since a large majority of Banks have given their full mandate, it would be fair and proper not to restrict negotiations upto Scale-III.  While conveying our strong resentment, we urge upon IBA to relook and re-examine the matter so that negotiations take place upto Scale-VII”.

 

With greetings,

                                                                                                  Yours sincerely,

                                                                                                     (K.K.NAIR)

                                                                                             GENERAL SECRETARY

 

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CIRCULAR TO MEMBERS NO.16 OF 2017                                                               29th June, 2017

 

Dear Members,

 

Re: Meeting of UFBU held at Mumbai on 28th June, 2017

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We wish to inform that a meeting of UFBU was held at Mumbai on 28th June, 2017. Initiating discussions on the Charter of Demands on Wage Revision the meeting urged upon IBA to expedite Wage Revision including resolving the issue of Mandate. The meeting also discussed and decided on the need to launch agitation against Reforms, Merger of Banks and other issues. For your detailed information we reproduce hereunder the text of a circular issued by the Convenor of UFBU:-

 

“DECISIONS OF UFBU MEETING

GET READY FOR FURTHER STRUGGLES

 

Meeting of UFBU was held today at Mumbai.  Com.K.K. Nair, Chairman of UFBU presided over the meeting.

 

Wage Revision:  The meeting deliberated on the issue of our Charter of Demands submitted to IBA and the discussions held so far.  The meeting felt that the entire process of discussions should be undertaken on a recurring and continuous basis in order to complete the settlement in time.  Holding meetings once in a month will not serve the purpose and hence decided to urge upon the IBA to expedite the discussions so that steps can be taken to conclude the final settlement in time.  

 

Restrictions in negotiations:  The meeting expressed its strong protest on the decision of the IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only and demanded that as hitherto, the discussions and final Joint Note should cover all Officers up to Scale-VII inasmuch as the majority of these officers are members of their respective unions and the wage revision exercise which has been a composite one so far, should not be divided now which will create inter-scale conflicts and inequalities.  It was decided to pursue the matter with the IBA, if necessary and warranted, resort to organisational programmes at the appropriate time.

 

Banking industry - increasing challenges:  The meeting deliberated in detail about the developments taking place in the banking sector in the name of implementing the banking reforms agenda of the Government.  The meeting observed that instead of taking urgent remedial measures to recover the alarmingly increasing bad loans in the Banks which are threatening to drive the Banks into a serious crisis, the steps like MOU, PCA, FRDI Bill, NPA Ordnance, IBC, etc. are only aimed to clean the Balance Sheets at the cost of the Banks which represent the hard earned savings of the people rather than to recover the money.  On the other hand, while denying the Public Sector Banks of adequate capital thus restricting their business expansion, freely licences are being given to the corporate houses to open private banks, small banks, payment banks, etc. thus weakening the Public Sector Banks.  The meeting felt that very tough measures are required including criminal action on wilful defaulters to recover the huge bad loans given to the corporate houses, big business and top industrialists.  It was also observed that the burden of the corporate NPAs are put on the shoulders of the common public and banking clientele in the form of hike in fees, charges, penalties, etc. for every type of normal banking services.

 

Cont…p/2

                                                                  -2-

 

 

 

The meeting decided to launch struggle programme on the following demands and issues:

 

  1. Do not privatise Public Sector Banks
  2. Stop plans of mergers and consolidation of Banks
  3. Do not write off corporate Non-Performing Assets(NPAs)
  4. Declare wilful Default of Bank loans as criminal offence
  5. Implement recommendations of Parliamentary Committee on recovery of NPAs
  6. Ensure accountability of Top Management/Executives for bad loans and put in place stringent measures to recover bad loans.
  7. Withdraw proposed FRDI Bill 
  8. Abolish Banks Board Bureau
  9. Do not pass on the burden of corporate NPAs on bank customers by hiking charges
  10. Do not increase Service Charges in the name of GST
  11. Reimbursement of cost of demonetization and other Government Schemes to Banks by the Government.
  12. Settle issues of Employees and Officers connected with demonetisation scheme.
  13. Immediately fill up posts of Employee/Officer Director(s) in Bank(s)
  14. Implement Compassionate Appointment Schemes in Banks as per Government guidelines.
  15. Removal of Gratuity Ceiling under Payment of Gratuity Act, 1972 & Total Exemption of Income Tax on Gratuity and Leave Encashment on retirement
  16. Pension related issues Improvements in Pension Scheme similar to RBI/Central Government including for past retirees - Extension of erstwhile Pension Scheme in banks in lieu of NPS - Follow-up of Record Note dated 25.05.2015
  17. Adequate Recruitment in all cadres

 

PROGRAMME:

 

19TH JULY 2017

SAVE PUBLIC SECTOR BANKS’ DAY - COUNTRYWIDE RALLIES, DEMONSTRATIONS, BADGE WEARING, POSTERING

22ND AUGUST 2017

ALL INDIA BANK STRIKE

15TH SEPTEMBER 2017

MASSIVE MORCHA/RALLY IN DELHI BY 1,00,000 BANK EMPLOYEES AND OFFICERS

BY OCTOBER/NOVEMBER 2017

2 DAYS CONTINUOUS STRIKE

Details of the agitational programme will be sent to you in due course of time

 

Comrades, on the one hand we have to settle the wage revision and achieve our demands in time and on the other we have to oppose and resist these anti-people banking reforms.  

 

We are sure that all our Unions and entire rank and file will rise to the occasion and make the struggle and programme a GRAND SUCCESS.

 

With greetings,

 

                                                                               Yours sincerely,

                                                                                   (K.K.NAIR)

                                                                            GENERAL SECRETARY

 

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CIRCULAR TO MEMBERS NO.15 OF 2017                                              12th June,2017                                                      

 

Dear Members,

 

                              RE: Our Guest House at Daman, (Union Territory) -

                                     Changes in the Administrative procedures & Set-up. 

                                                                 --o0o--       

As you are aware, our Association has established its own Guest House at Daman(Union Territory) on 14th April,2014. The administrative affairs of the Guest House has been looked after by Shri V.J.Sheladia, former All India President of our Association, who was stationed at Navsari,which is nearer to Daman.However, on account of the superannuation of Shri Sheladia from our Bank’s service, a need was felt to modify the administrative procedures and set up pertaining to our Guest House. Accordingly, the Committee formed for the Guest House, at its meeting held on 3.6.2017 at Daman, decided to make few administrative changes for running of the Guest House. The details of the said changes alongwith other information on the Guest House are  furnished hereunder for the information of the members:

  • Shri N.B.Jodhawala, Zonal Secretary, South Gujarat Zone, will be overall In-charge of the administration of the Guest House. The application for allotment of rooms in the Guest House will be submitted to Shri Jodhawala, with due recommendations of the relative Zonal Secretary at the following address:

Shri N.B.Jodhawala,

Zonal Secretary (SGZ)

c/o Bank of Baroda,

Narmadanagar branch,

Behind Blue Star Co.

GIDC, Narmadanagar,BHARUCH, Gujarat

Mobile No:7567724772

 

  • The application can also be scanned and mailed to E-mail ID: booking.daman.aiboboa@gmail.com. After scrutiny of the application by Shri Jodhawala, the allotment  of   the room  and  confirmation  letter for the booking to the applicant will be sent by Shri Suresh Shenoy, Sr.Manager(Credit),Regional Office, Bulsar,(Mobile:9945070369), who has been accorded the said work by the Association. The format of the revised application form will be provided on request at the above E-Mail ID.
  • Further, taking into consideration the cost involved for proper functioning of our Guest House, it has been decided to increase the Room Rent as under:

Single room per person

Rs.250/- per day

Two persons per room

Rs.400/- per day

Extra person per room

Rs.100/- per day

 

The reservation of rooms will be allowed only for a maximum period of one week and in the event of further requirement, the concerned Zonal Secretary will have the discretion to recommend for such extended period. For the said extended period, the room rent will be charged @150% of the existing rates fixed as above.

We reiterate that our Guest House is situated  at a prime location in Daman on 7th Floor, Flat No:704, Royal Heights ‘D’, Sagar Samrat, Khariwad, Nani Daman. There are three rooms in the Guest House with one double coat which can be used by two persons and extra bed for one person is also available on request. A caretaker is also posted at the Guest House to cater to the requirement of guests. Food and beverages will be available by order over phone from the nearby hotel on payment.

The retired officers of our Bank are also extended the facility of stay in our Guest House on the same terms and conditions as applicable for the working officers. All our members should avail this facility and have the essential  break from the rigors of work.

We take this opportunity to put on record our appreciation and thanks for the contributions made by Shri V.J.Sheladia, former All India President of our Association, for smooth running of the  Guest House at Daman.

With greetings,

                                                                                                           Yours sincerely,

                                                                                                             (K.K.NAIR)

                                                                                                      GENERAL SECRETARY

 

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CIRCULAR TO MEMBERS NO.14 OF 2017                                                 7th June, 2017

 

Dear Members,

 

Re: Wage Revision for Bank Employees –

       UFBU submits Charter of Demands

                            -------o0o-------

 

Further to our circular No.13 of 2017 dated 1st June, 2017 we wish to inform that IBA held another round of discussions on Wage Revision for Bank Employees on  5th June, 2017 with INBOC our apex organization and other eight organizations together constituting UFBU. In the meeting the organizations of officers and workmen  submitted separate Charter of Demands to IBA. In this context IBA stated that they would take steps to commence and complete the negotiations so that a settlement could be reached before October, 2017. Text of a circular issued by Convenor of UFBU in this regard is reproduced hereunder:

 

“Another round of Bipartite meeting was held between IBA and our UFBU constituent unions yesterday In Mumbai.  IBA was represented by Shri R.K. Takkar(MD/CEO, UCO Bank), Chairman of the Negotiating Committee along with Smt.Usha Subramanian(MD/CEO, AB),  Shri Prashant Kumar(DMD/CDO, SBI), Shri V.G. Kannan, Chief Executive, IBA, Shri Raj Kumar, Dy.Chief Executive, IBA and Shri K.S. Chauhan, Sr.Vice President, IBA.  We were represented by leaders of all our 9 constituent unions.

Common Charter of Demands by the Workmen Unions and Officers’ Associations respectively were submitted to the IBA.  IBA representatives informed us that they would go through the Charter of Demands and would endeavour to complete the process of negotiations expeditiously within the time frame to reach the Settlement before October, 2017.

From our side, our representatives emphasised the need to hold regular and frequent meetings to negotiate the demands and to complete the Settlement in time.  

IBA also submitted list of Management Issues as under:

 

  1. Framework of Compensation Package on Cost to Company and Fixed and

     Variable Pay concept for Officers/ Workmen

  1. Rationalisation of Special Pay carrying posts
  2. Review of two graduation increments to workmen employees
  3. Transfer and deployment of workmen employees - Para 536 of Sastry Award

      Award.

  1. Simultaneous conduct of disciplinary and criminal/judicial proceedings in case of workmen in PSBs
  2. Continuing departmental proceedings post-retirement in case of workmen employees
  3. Premature Retirement of a Workman in Public interest
  4. Outsourcing any activity as per business needs within RBI guidelines.
  5. Review of existing provisions of automatic movement of officers from Scale I to II and from Scale II to III in pay scales without any promotion in those grades.
  6. To mark lien on NPS fund of employees to recover loss to the Bank on account of their proved misconduct.

As regards the standpoint of IBA that the negotiations relating to Officers would be confined and restricted upto Scale III Officers, we conveyed our strong protest and demand that the Officers’ Wage Revision pact should cover upto Scale VII as hitherto.

We also reiterated some of the important issues that need to be focused during the negotiations.  It was agreed by IBA that these issues would be addressed during the course of negotiations.

IBA informed us that the data and statistical information required for the discussions are being collected from the Banks and the same would be furnished to the Unions at the earliest.

After further discussions, it was agreed that the next round of discussions would be fixed at the earliest around the end of this month.

UFBU meeting:  Thereafter, a meeting of the UFBU representatives met and discussed the important issues before us viz. pursuing the charter of demands on wage revision, increasing attacks and challenges in the banking sector, etc.  It was decided to call for the full-fledged meeting of the UFBU shortly to discuss these issues in detail and to chalk out our programmes.”

 

With greetings,

 

                                                                                                               Yours sincerely,

                                                                                                                (K.K.NAIR)

                                                                                                     GENERAL SECRETARY

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CIRCULAR TO MEMBERS NO.13 OF 2017                                           1st June, 2017                           

Dear Members,

 

RE: 1. Wage Revision for Bank Employees –

Submission of Charter of Demands to IBA.

  1. Inter-Zonal Transfer/Re-transfer Plan: 2017-18.

--o0o--

 

We have already apprised you the details of the discussions that took place between IBA & UFBU in the meeting held on 2nd May, 2017 at Mumbai, vide our Circular dated 3rd May, 2017. In this regard, we wish to inform that the representatives of the Four Officers Organisations viz. INBOC, AIBOC, AIBOA and NOBO, met at our Office in Mumbai today, for discussions on the draft of Charter of Demands connected with the ensuing Wage Revision. Based on the various proposals/suggestions received from members of the Four Organisations and the subsequent discussions that took place today, we wish to inform that the Charter of Demands has been finalized for submission to IBA in the meeting between IBA & UFBU scheduled on 5th June, 2017. We shall keep you informed of the further developments after the meeting with IBA on 5th June, 2017.

Inter-Zonal Transfer/Re-transfer Plan: 2017-18.

As you will recall, vide our Circular dated 24th April,2017, we had informed you details of the Inter-Zonal Transfer/Retransfer Plan : 2017-18 released by our Bank. Under the said plan, most of the officers whose Retransfers have been considered favourably by our Bank have already been relieved upon receiving substitutes from the identified Zones.  However, of late, we have been receiving representations from some officers whose Inter-Zonal Retransfers are considered under the Plan but not yet relieved by the concerned Zones on account of non-reporting of substitutes from other Zones. We have since discussed this issue with the management and we wish to inform that the Bank has assured that remaining officers under the plan will also be relived very shortly.

 With greetings,

 

                                                                                                               Yours sincerely,

                                                                                                                  (K.K.NAIR)

                                                                                                         GENERAL SECRETARY

 

 

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CIRCULAR TO MEMBERS NO.12 OF 2017                                                 3rd May, 2017

 

Dear Members,

 

Re : Wage Revision for Bank employees -

          IBA Commences negotiation with UFBU.

    -------o0o-------

 

We are happy to inform that IBA has commenced negotiations with UFBU, of which INBOC our Apex Organisation, is a constituent. The first meeting was held on 2nd May, 2017 in the office of IBA in Mumbai. The text of a circular issued after the meeting by the Convenor of UFBU is reproduced hereunder:

 

“IBA COMMENCES WAGE REVISION NEGOTIATIONS

 

All our unions and members are aware that our present wage revision settlement for employees and officers will come to an end by October, 2017 and hence the next wage accord has to commence from 1st November, 2017.  Since negotiations are taking unduly long time to arrive at the final settlement, we have been desiring timely settlement. Government had also advised the IBA and Banks to complete the negotiations early and commence the settlement from the due date i.e. 1-11-2017.

 

Hence we have been asking the IBA to commence the negotiations early and this was one of the prominent demands in our All India strike on 28th February, 2017.  Earlier to that we had submitted the broad summary of our common demands for employees and officers respectively.

 

In this background, Indian Banks Association had invited UFBU for commencing the negotiations and accordingly the meeting was held yesterday i.e. on 2-5-2017 at IBA Office in Mumbai.  IBA was represented by its Chairman Shri Rajeev Rishi, CMD, Central Bank of India, Mrs. Arundhathi Bhattacharya, Chairman, SBI, Shri Arun Tewari, CMD,  Union Bank of India,  Shri Ashwinikumar, CMD, Dena Bank, Shri R K Takkar,  MD, UCO Bank, Mrs.  Usha Subramanian,  MD, PNB, Shri Shyam Srinivasan, MD, Federal Bank, Shri,  P S Jayakumar, MD, Bank of Baroda and Shri Rakesh Sharma, MD, Canara Bank.

 

UFBU was represented by leaders of our 9 constituent unions in the discussion.

 

In his opening remarks, Shri Rajeev Rishi observed that bilateralism has been the hallmark in the banking industry for the past 50 years when successive bipartite settlements have been signed.  He particularly referred to the 9th BPS and 10th BPS under which benefits like one more option for pension,  Full Day Off on 2 Saturdays in a month, medical insurance scheme for employees and retirees, etc. were achieved due to the collective efforts of the management and the unions.  He urged upon the unions to keep the present health of the Banks and their constraints in mind while negotiating the demands and help to conclude the Settlement early, preferably before Diwali festival this year.

 

He informed that since some of the Banks have given mandate to IBA for negotiations would be confined only upto Scale III Officers.

 

He further informed that IBA has set up a Negotiating Committee as under:

 

Shri  R K Takkar, MD, UCO Bank – Chairman

Shri. Rakesh Sharma, MD, Canara Bank,

Smt. Usha Subramanian, MD, PNB

Shri P S Jayakumar, MD, Bank of Baroda

Shri Prashant Kumar, Dy.MD, SBI

Shri Shyam Srinivasan, MD, Federal Bank

 

Responding to the observations of the IBA, from our side, we thanked the IBA for initiating the process of negotiations and assured that we shall extend our best possible co-operation to conclude the settlement as early as possible and suggested holding of regular and continuous meetings for this purpose.  We also reiterated our commitment to bipartism and settling the demands amicably through mutual discussions. We also conveyed to the IBA that given the increasing stress and heavy workload under which employees and officers are working in the Banks, they deserve satisfactory wage revision and improvement in their service conditions.  We also informed the IBA that our Unions are equally conscious and concerned about the present challenges faced by the Banks and would be willing to work with the managements to overcome these challenges successfully. 

 

We strongly conveyed to the IBA that the negotiations in respect of officers should not be restricted upto Scale III and must cover upto Scale VII as hitherto.

 

In the conclusion, it was decided that the Negotiating Committee will shortly fix up the date for starting the negotiations when formal talks on our demands will commence.  We shall keep our unions and members informed of further developments.”

 

With greetings,

 

                                                                                                        Yours sincerely,

                                                                                                            (K.K.NAIR)

                                                                                                 GENERAL SECRETARY

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CIRCULAR TO MEMBERS NO.11 OF 2017                                                     24th April, 2017

 

Dear Members, 

Re: Inter- Zonal Transfer / Retransfer Plan: 2017-18

----o0o----

As per the prevailing Transfer Policy, Officers up to MMG/S-III, who have been transferred at Bank’s Instance out of the Zone, are eligible for transfer to their parent Zone / Zone of their choice after completion of the requisite tenure of three years and DROs are eligible for transfer to Zone of their choice after completion of requisite tenure of five years. Accordingly Bank has collected information from such Officers.

 

You are also aware that our bank has decided to consider transferee officers / DROs who have completed their requisite tenure of three / five years respectively as of 30th June, 2017. Subsequently, on the basis of representations made our Association, Bank has extended the cut-off date up to 31st August, 2017 instead of 30th June, 2017.

 

Accordingly, We are happy to inform that the much awaited Inter Zonal Transfer / Re-transfer Plan 2017-18 has been finalised and released by our Bank. Under this Plan the following categories of eligible officers will be relieved on or before 6th May, 2017.

 

  • Inter-Zonal Transferee Officers who have completed / will be completing three years tenure as on 31stAugust, 2017.
  • DROs who have completed / will be completing five years tenure as on 31st August, 2017.
  • Inter Zonal Request Transfers.

 

As substitutes for transferee officers under Transfer / Re-transfer Plan: 2017-18,Bank will indentify officers for Inter Zonal Transfer on the basis of longest stay in Officer’s cadre in the Zone as per Transfer Policy.

 

We are thankful to our Managing Director & CEO, General Manager (HR & Administration) and his entire HR team for favourable consideration and timely completion of this IZT Plan.

 

With greetings,

 

                                                                                                              Yours sincerely,

                                                                                                                 (K.K.NAIR)

                                                                                                     GENERAL SECRETARY

 

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 CIRCULAR TO MEMBERS NO.10 OF 2017                                    13th April,2017    

 

Dear Members,

 

RE: Payment of Tax on Perquisites

--o0o--

 

Our Bank has been including the value of perquisites viz. Furnished/unfurnished house without rent or at concessional rate, Interest free/concessional loan, Furniture Rent, Car to Executives with driver, Club fee reimbursement to Officers and Gas subsidy to Award Staff, in employees’ salary and deduct tax as per tax slab in which they fall.

In terms of the various guidelines under various Acts as also the judgments on the subject by the Hon. Courts, tax on perquisites is required to be paid by the employer who provides these fringe benefits to its employees. Accordingly, we have been pursuing with the Bank to discontinue adding the value of perquisites in the overall salary being paid to employees.

We are happy to inform that the Bank has taken a favourable decision on the above  matter and vide its Circular No:BCC:BR/109/173 dated 5th April,2017, issued guidelines for refund of the tax on perquisites already deducted by the Bank to the employees concerned for the financial year 2016-17 and also to recalculate the income of the employees, for the financial year 2017-18 without inclusion of value of perquisites. On these lines Bank has refunded the Tax on Perquisites to employees on 13th April, 2017.

Friends, this will provide financial relief to a large number of Officers, in particular, in our Bank. We are thankful to the Managing Director & CEO and General Manager (SP&PB)  & CFO for the above amendment which will go a long way in motivating the Officers’ community in our Bank.

With greetings,

 

 

                                                                                                          Yours sincerely,

                                                                                                            (K.K.NAIR)

                                                                                                      GENERAL SECRETARY

 

 

 

PLEASE CIRCULATE AMONGST OFFICER-COLLEAGUES

 

CIRCULAR TO MEMBERS NO.09 OF 2017                                                  4th April, 2017

 

Dear Members,

 

Re:  1. Exercise for Promotion to various Grades/Scales: 2017-18

  1. Retransfer of Officers under Inter Zonal Transfer : 2017-18

                                                  -------o0o-------

 

Our Bank has since completed yet another mammoth exercise for Promotions from

  • Clerical to Officers’ Cadre in Junior Management Grade/Scale-I and
  • Grade/Scale/-II, III and IV as per details given hereunder:

 

Scale/Grade

Promotions

Clerical to Officers’ Cadre JMG/S-I

                   

                        850

JMG/S-I to MMG/S-II

                      2503

MMG/S-II to MMG/S-III

                      1134

MMG/S-III to SMG/S-IV

                        400

 

We convey our Hearty Congratulations to each one of the promotees and wish them Best of Luck in their new assignments.

 

Retransfer of Officers under Inter Zonal Transfer

 

As per the prevailing Transfer Policy, officers upto MMG/S-III and who have been transferred out of Zone at Bank’s instance, are eligible for transfer to their parent Zone/Zone of their choice after completion of the requisite tenure of Inter Zonal Transfer as on 30th June, 2017. Accordingly our Bank has given instructions to Zones to collect information from officers who are undergoing such Inter Zonal Transfer as per Annexure A,B,C,D,E.F,G, B1 & B2 enclosed therewith. We advise all such officers to submit their applications to the Bank with a copy to us.

 

With regard to officers who are undergoing Inter Zonal Transfer but would complete the required tenure between 01.07.2017 and 31.08.2017, we advise them to submit their request applications to the Bank showing their willingness for retransfer along with relevant details.

 

With Greetings,

 

                                                                                                            Yours sincerely,

                                                                                                               (K.K.NAIR)

                                                                                                   GENERAL SECRETARY

 

PLEASE CIRCULATE AMONGST OFFICER-COLLEAGUES

 

 

CIRCULAR TO MEMBERS NO.8 OF 2017                                                10th March, 2017

 

Dear Members,

 

Re: 1. Structured Meeting with our Bank.

  1. Business Development of our Bank –

           Let us attain goals set for March, 2017.

                                    -------o0o-------

 

We refer to our circular No.7 of 2017 dated 7th March, 2017 and wish to inform that the meeting on 23rd February, 2017 commenced at 10.00 a.m. with the address by our MD & CEO Shri P.S.Jayakumar. Shri Jayakumar drew the attention of the representatives of our Association on the following issues:

 

  1. Accept NPA reduction as a challenge
  2. Aim Qualitative Business Growth
  3. Improving Asset Quality
  4. Transformation – successful execution of all initiatives

            under Project Navodaya including capability building

  1. Observance of Compliance

 

The MD & CEO stressed on the need to take timely measures so that loan accounts do not turn NPA suggesting that we should call on the borrower and seek remedial measures. He further stated that there is a need for enhancing the authority of Branch Managers to negotiate with the borrower and the process has to be clearly understood by them. The MD & CEO emphasized that customer complaints arising out of delay must be arrested. “Concerned officer should never shirk responsibility,” MD added.

 

Shri Jayakumar further expressed his concern on the impact of examination of Staff Accountability and desired simplifying the procedure. He informed that the current promotion exercise will be completed by this month. He also sought our feed-back on Employee Engagement Programme particularly on ‘ANUBHUTI’ and Transformation Programme ‘NAVODAYA.’

 

The Association urged upon the MD & CEO the need to revive the Business Development Committee. We also stressed that Structured Meetings should be held within the stipulated period, both at Corporate and Zonal Office level. MD&CEO assured that he will look into the various issues brought to his notice, particularly those having financial implications and extend financial benefits to employees. We thanked the MD & CEO for sparing his valuable time and attending the meeting.

 

 

Structured Meeting - Issues discussed – We give hereunder the list of issues discussed in the Structured Meeting held on 22nd February, 2017:

 

(1)Minutes of the Structured Meeting held earlier – Review, (2) Reimbursement of House Maintenance Expenses at par, (3) Officiating Allowance below Branch Head, (4) Shortage of officers at branches (5) Job rotation of officers in Head Office & BCC- Review (6) Submission of details of participation in Strike etc. in APAR Form, (7) Facility of Special Leave to Office Bearers & Central Committee Members of our Association – Its restoration, (8 )Pension Fund Trust Account – Diversion of Funds, (9) Grievance Redressal Mechanism in our Bank, (10) Business Development of the Bank, (11) Calling upon officers to work on Saturdays & Holidays,(12) Management of Funds of Bank of Baroda Gratuity Trust,(13) Mounting instances of passing of cheques through CTS clearing/RTGS transactions by fake personalized cheques presented in clearing at the counters of parent branches in Gujarat, (14) Arbitrary and forceful recovery from personal account of officers at Ranch Branch, Jharkhand, (15) Unilateral changes in the process of Confirmation of officers, (16) Staff Accountability, (17) Inter Zonal Transfer – Individual cases, (18) Exemption from Inter Zonal Transfer – Individual cases, (19) Inter-changeability of vacancies under Promotion Policy for Officers in our Bank, (20) Qualitative Business Growth of our Bank, (21) Meeting between the Bank and Association on Medical Insurance Scheme held at Baroda on 27th October, 2016, (22) Introduction of new Menu “EXCG” for capturing high denomination (OHD) Notes for online submission of data to RBI – Constraints faced by officers –  Appropriate action, (23) Demonetization – Constraints and Problems confronted by officers in branches of our Bank – Cash Management becomes a very serious issue, (24) Salary Revision – Forthcoming 11th Bipartite Settlement/8th Joint Note – Mandate to Indian Banks’ Association – Retaining the age-old practice of covering officers in all Scales, (25) Unsurmountable Pressure inflicted on Officers – Asking them again to attend Branches on Sundays and Holidays, (26) Sports Club – Need to Activate, (27) Revival of Canteen Facility and Canteen Committee, (28) Club Membership, (29) Removal of five times criteria for Leave for Going Abroad,(30) Permission to stay away from headquarters, (31)Two wheeler & Four wheeler loans to Officers at a time & (32) Common Recess Time.

 

Detailed discussions took place on each issue. The Association highlighted the need to settle Reimbursement of House Maintenance Expenses at par, a long pending issue. The Bank agreed in principle. With regard to officiating allowance below Branch Heads, we insisted on the same. However we need to pursue this issue. Meanwhile the Association desired the Bank to do away with the anomalies seen in the Payment of Officiating Allowance to those officers  officiating in higher Grade/Scale. We shall pursue this issue. With regard to shortage of officers we brought to the notice of the Bank that around 500 Branches are one man branches in our Bank defeating the four eyed principle and adversely impacting the growth of the Bank. Bank has agreed to take appropriate action.

 

Please await our next circular for further details.

 

We take this opportunity to wish you and your family HAPPY HOLI.

 

                                                                                                          Yours sincerely,

                                                                                                               (K.K.NAIR)

                                                                                                    GENERAL SECRETARY

 

PLEASE CIRCULATE AMONGST OFFICER-COLLEAGUES

 

CIRCULAR TO MEMBERS NO.7 OF 2017                                 7thMarch,2017                             

 

Dear Members,

 

                               RE: 1. Structured Meeting with our Bank.

  1.       Business Development of our Bank

                                          Let us attain goals set for March,2017.

          -----o0o-----

Tomorrow world over “International Women’s Day” will be celebrated. We take this opportunity to convey our Greetings to each one of the Women  work-force in our Bank. We also wish them a successful career ahead.When we so greet our Women work-force, it is a pleasant coincidence that Smt. Papia Sengupta has joined our Bank as Executive Director. We convey our Greetings and Best Wishes to Smt. Papia Sengupta, the new Executive  Director of our Bank.

Structured Meeting with our Bank.

We wish to inform that a Structured Meeting with our Bank at Corporate Office level was held on 22nd and 23rd February, 2017.This meeting was attended by Shri P.S.Jayakumar,MD & CEO,Smt.Papia Sengupta,Executive Director,Shri K.B.Gupta,  Head-HR Operations,Shri S.K.Choudhury,Head-HR Administration,Shri Joydeep Dutta Roy,Head-Strategic HR & OD, Shri Sunil Sinha,AGM-HR,Shri C.Malolan,AGM-HR Operations, Shri C.M.Tripathi,AGM-HRM,Smt.Swapna Bandopadhyay,AGM-HRM and Miss Pritha Basu, Sr.Manager-HRM. The Association was represented by the General Secretary and all Zonal Secretaries.

Shri S.K.Choudhury,Head-HR Admn. welcomed the General Secretary and Zonal Secretaries of the Association,Shri K.B.Gupta, Head-HR Operations and other officials from HR Department, BCC and Head Office,Baroda.Joining Shri Chaudhary,Shri Joydeep Dutta Roy, Head-Strategic HR & OD also welcomed all and presented updates on HR initiatives undertaken during the current year. He narrated various benefits provided to officers such as Enhancement of limit of Festival Advance, Initiation of Sports activities, Creation of Sports Board, Concessional Rate of Interest in Staff Loans, Upgradation of eligibility amount for transportation of goods, Employee engagement initiatives in terms of Employee Anubhuthi,Increase in the limit of Medical Ex-gratia Scheme,including accidental Insurance Scheme of Personal Accident Policy, Leadership programme from Scale-I to Scale-VII and Performance management that will be initiated during the current year etc. Shri Joydeep also dwelt upon recruitment of 3860 employees,out of which 2280 in Officers’ Cadre and 5500 promotions to various grades/scales. He stated that the benefits and perquisites available to officers in our Bank, are the best amongst Peer Banks.

At this juncture, our new Executive Director, Smt.Papia Sengupta joined the meeting. After introduction of the gathering, the Executive Director welcomed all for the meeting. The Executive Director elaborately spoke on issues concerning our Bank.She focused on the following  areas of concern based on Q3 results :

Alarming rise in NPA, Huge provisioning required to be made, impacting profit, Stress on extending Retail Loans and Loans to Agriculture, Ensuring qualitative growth of Business, both in Credit and Deposit, especially low cost CASA Deposit, Continued focus on reduction of NPAs by recovery, Upgradation and Arresting slippages, Laxity in observance of systems  and  procedures, Strengthening of compliance, The attitude  of “CHALTA HAI” etc. The Executive Director advised Representatives of the Association  to educate members on the significance of compliance. She further emphasized on proper investigation advising Investigating Officers to play judicial role while discharging  their assigned tasks. “He should be a fact finder. He should behave like a colleague, not a Police Officer” added the Executive Director. She also expressed concern over undue delay in the disposal of Disciplinary Cases. “It should be Time Bound”, Executive Director reiterated. Simultaneously, the Executive Director also advised officers who are subjected to Show Cause Notice to submit their replies, in time. Simultaneously, the  Executive Director also emphasized that those who take malafide decisions would be taken to task.

The Executive Director conveyed that Sports Club will be revived adding that Sports Activities and Cultural Programmes would be started in proper perspective and be made participative. She exhorted the representatives of  the Association saying “You are the eyes and ears of the Management and all of you are Brand Ambassadors of the Bank”. Underlining the impact of bonding with employees, the Executive Director made an appeal to create awareness amongst rank and file about the areas of concern as expressed above and inspire each one to Whole-Heartedly  participate in the Business Growth during the remaining period to post a remarkable result in March,2017.

On behalf of the Association,the undersigned acknowledged and appreciated the concern of the Management and assured full co-operation to realise the expected level of improvement.Friends,let us plunge into action. Our commitment and determination, we are sure, will enable us to attain goals set for March, 2017, by our mother Bank.

We shall report to you further details through our next Circular.

With greetings,

 

                                                                                                               Yours sincerely,

                                                                                                                  (K.K.NAIR)

                                                                                                         GENERAL SECRETARY

 

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CIRCULAR TO MEMBERS NO.5 OF 2017                          21stFebruary,2017                             

 

Dear Members,

 

CONCILIATION TALKS  HELD  AT  NEW DELHI  – OUR 28TH FEBRUARY,2017, STRIKE STANDS – LET US MAKE IT  A GRAND SUCCESS.

---o0o---

 

We refer to our Circular No:4 dated 8th February,2017, interalia, informing about the various agitational programmes announced by UFBU culminating in One Day All India Strike on 28th February,2017.

 

We now wish to inform that the Chief Labour Commissioner (C) today held a conciliation meeting with representatives of UFBU, IBA & Ministry of Finance in his Office at New Delhi.During the said meeting, discussions took place on the following  issues/demands.

 

  • Formation of Bank Board Bureau (BBB) which is encroaching autonomy of Nationalized Banks.
  • Privatisation of Banks.
  • Denial of level playing field to Nationalized Banks by allowing Payment Banks and Small Banks to operate with attractive rate of interest.
  • Effective steps to recover NPA.
  • Outsourcing of Jobs and less recruitment in Banks.
  • Compensation for extra work in the wake of demonetization.
  • Increase of existing limit for gratuity and income tax exemption thereon.
  • Representation of workmen and officers in Board of various Banks.
  • Immediate commencement of Process of Wage Revision.
  • Settlement of Pension Related Issues.
  • Implementation of Compassionate Appointment Scheme.
  • Five Day working in Banks.

 

However, since the above conciliation talks could not produce any tangible results for our Bank employees, the One Day Strike on 28th February,2017, stands.

 

We call upon all the officers to participate in the remaining agitational programmes and  make the ALL INDIA STRIKE ON 28TH FEBRUARY,2017, a GRAND SUCCESS.

 

With greetings,

 

                                                                                                                    Yours sincerely,

                                                                                                                         (K.K.NAIR)

                                                                                                              GENERAL SECRETARY

PLEASE CIRCULATE AMONGST ALL OFFICER-COLLEAGUES

 

CIRCULAR TO MEMBERS NO. 4 OF 2017                                         8th Feburary,2017

 

Dear Members,   

                                       RE: UFBU decides to go on Agitation-

      All India Strike on 28th February,2017.

---o0o---

We wish to inform our members that United Forum of Bank Unions (UFBU) held a meeting on 31st January,2017, at Delhi and reviewed various issues confronting the Bank Employees on account of different policy decisions taken by the Government and other authorities.After detailed discussions UFBU came to the conclusion that it is left with no other altertnative but to resort to agitational programmes culminating in one day strike on 28th February,2017. A  circular issued in this regard by Convenor of UFBU is reproduced hereunder :

 

“UFBU meeting was held on 31st January 2017, under the chairmanship of Com. K. K. Nair, Chairman of UFBU, at Delhi.

 

The meeting deliberated on various issues confronting the banking industry, particularly on the developments taking place in the banking sector on account of the various policy decisions of the Government such as financial reforms, attempts to wipe out pro-labour provisions in the name of amendments to labour laws, the indifferent approach of the managements of some of the banks to the instructions of Government on the process of next wage revision of bank employees and officers, the voluminous bad loans in the Banks and unwarranted concessions that are being given to defaulters, etc.

 

The meeting took serious note of non-payment of eligible compensation to the employees as per bipartite provisions for the extra hours of work performed by them subsequent to implementation of demonetisation scheme as announced by the Government.  The meeting also took note of the resultant adverse effect of cost of demonetisation on the next wage revision, the inordinate delay in the appointment of workmen/officer employee directors in the Boards of many banks, the casual approach of IBA/Government combine to the pension related issues, non-implementation of Compassionate Appointment Scheme on the lines of Central Government as approved by the Government subsequent to decade-long struggle by UFBU, etc.

 

The meeting also deliberated in detail on the imperative need for reimbursement of cost of demonetisation to the Banks by the Government, adequate recruitment in all cadres and immediate introduction 5-day banking, removal of ceiling on Gratuity under Payment of Gratuity Act, 1972 and total exemption of Income Tax on Gratuity and Leave Encashment on retirement.

 

The representatives of constituent unions of UFBU unanimously felt that the recalcitrant/adamant approach of the IBA/Government/bank managements on the above main issues and demands needs to be resisted by resorting to agitation without any further delay including call for One Day All India Bank Strike on 28th February 2017. Further, it was decided that the General Secretaries of all constituent Unions of UFBU will meet on 5th February 2017 to finalise the agitation programme.

 

Accordingly, the General Secretaries of all constituent  unions of UFBU met yesterday, i.e., 5th February 2017 at Mumbai.  In the meeting, the representatives  of  constituent unions  NOBO & NOBW have expressed  their  inability  to participate in the Strike  although they  fully support  all

 

 

 

 

 

 

the issues.  However, on the insistence of representatives of other constituent unions of UFBU, the representatives of constituent unions NOBO & NOBW have assured to reconsider their decision once again and advise their decision to UFBU in due course. It was unanimously decided to launch agitation on the following issues and demands:

 

OPPOSING

  • Banking/Labour Reforms
  • Government moves infringing Trade Union rights
  • Outsourcing of permanent jobs

DEMANDING

  • Legitimate compensation to employees and officers for extra hours of work performed on demonetization work
  • Removal of Gratuity Ceiling under Payment of Gratuity Act, 1972 & Total Exemption of Income Tax on Gratuity and Leave Encashment on retirement
  • Immediate appointment of Workmen/Officer Employee Directors in all Banks
  • Early initiation of process of next wage revision of bank employees
  • Pension related issues - Improvements in Pension Scheme similar to RBI/Central Government including for past retirees - Extension of erstwhile Pension Scheme in banks in lieu of NPS - Follow-up of Record Note dated 25.05.2015
  • Implementation of Compassionate Appointment Scheme on the lines of Central Government as approved by the Government
  • Adequate Recruitment in all cadres
  • Reimbursement of cost of demonetization to Banks by Government
  • Immediate introduction of 5-Day banking
  • Stringent measures to recover bad loans and accountability of top executives
  • Criminal action against wilful defaulters of bank loans

 

We furnish hereunder the details of the programme to be followed by the Constituent unions/affiliates/members:

 

            (a)        13.02.2017                  Press Release at all State Capitals and major centres

                                                            (Common Press Note of UFBU, to be released by all the                                                       constituent unions)

            (b)        17.02.2017                  Centralised Demonstrations at all Centres

            (c)        Between                      Dharna at all State capitals

                        17.02.2017 to              (Date to be decided at State Unit level)

                        22.02.2017

            (d)        22.02.2017                  Badge-wearing & Demonstrations/Rallies at all Centres

            (e)        27.02.2017                  Lunch Hour Demonstrations at all Centres

            (f)        28.02.2017                  ONE DAY ALL INDIA BANK STRIKE

 

Proforma of the Common Press Note of UFBU, to be released by all the constituent unions will be sent in due course along with the sample of Badge and Poster.

 

Comrades, please make the agitation programmes including the One Day All India Bank Strike a grand success.

We call upon all our members to adhere to the various action programmes including strike and make it a Grand Success.      

With Greetings,            

 

                                                                                                              Yours sincerely,

                                                                                                                 (K.K.NAIR)

                                                                                                     GENERAL SECRETARY

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CIRCULAR TO MEMBERS NO.3 OF 2017                                                17th January,2017

 

Dear Members,   

                    

                               RE:  Reduction in the Rate of Interest on Staff Loans and

                                       Enhancement in the Clean Overdraft Facility to Officers.

                                                                           -----o0o-----

 

We refer to our Circular No:2 dated 12th January, 2017, wherein we had informed that our Association had represented to the Bank to consider reducing Rate of Interest on all existing and new staff loans in view of the revision in the  Benchmark Lending Rates i.e. MCLR and  reduction in  rate of interest on loans sanctioned to public. We are now pleased to inform that Bank has considered our request and made reduction in the Staff Loans with effect from 7th January,2017. The details are :

 

 

Existing Rate of Interest

Revised Rate of Interest

 

Staff Housing Loan

Upto Rs.40 lacs

7.00% p.a.

Simple interest

Upto Rs.40 lacs

6.50% p.a.

Simple interest

 

Beyond Rs.40 lacs

8.00% p.a.

Simple interest

Beyond Rs.40 lacs

7.00% p.a.

Simple interest

Conveyance Loan(Car Loan & 2 Wheeler Loan )

8.50% p.a. Simple Interest

7.00% p.a. Simple Interest

 

Further, our Bank has also made enhancement in the limits for sanction  of Clean Overdraft Facility to Officers alongwith revision in the interest rate as under:

 

Length of Service

Existing

Limit

 

Revised

Limit

 

3 to 5 years

Rs.1.25 lacs

Rs.2.50 lacs

5 to 10 years

Rs.3.10 lacs

Rs.5.00 lacs

10 years and above

Rs.5.00 lacs

Rs.8.00 lacs

 

Rate of Interest

9.00% p.a. on compounding basis with monthly rests.

8.00% p.a. on compounding basis with monthly rests.

 

We take this opportunity to thank our MD & CEO – Shri P.S.Jayakumar for extending the above benefits to the Officers in our Bank.

 

With Greetings,     

 

             

                                                                                                              Yours sincerely,

                                                                                                                  (K.K.NAIR)

                                                                                                        GENERAL SECRETARY

 

PLEASE CIRCULATE AMONGST ALL OFFICER-COLLEAGUES

 

CIRCULAR TO MEMBERS NO.2 OF 2017                                                   12th January,2017

 

Dear Members,   

                    

                               RE:  1. Transfer Policy – Review.

  1. Reduction in the Rate of Interest on Staff Loans.
  2. Written Test for Promotion to MM G/S:II & III -2017-18.

                                                                 -----o0o-----

 

We take this opportunity to inform that the existing Transfer Policy is under review. In this regard our Bank held an initial interaction with our Association on 29th December,2016 at B.C.C, Mumbai. This interaction concluded with certain proposals emanating from both – our Bank and our Association. These proposals will be discussed further in detail, in the meetings to follow. In the meantime, we request each one of you to send us your suggestions on  amendments to the existing Transfer Policy so that a virtual Document that will take care of the needs of the Bank as also officers community, is finally put in place.

 

Reduction in the Rate of Interest on Staff Loans

 

Our Bank, as you are aware, revised the Benchmark Lending Rates i.e. MCLR with effect from 7th January,2017, as announced vide a press release on 5th Janiuary,2017. Since then, we have been receiving anxious enquiries about reduction in the Rate of Interest on loans granted to staff members. We wish to inform that we have already represented to the Bank to consider reducing the Rate of Interest on all existing and new staff loans. Let us await  response from our Bank.

 

Written Test for Promotion to MM G/S:II  &  III - 2017-18

 

As you are aware, our Association has conducted Coaching Classes for the benefit of officers appearing for promotion to MM G/S:II & III - 2017-18 all over the country. Everywhere a large number of candidates enthusiastically attended the classes conducted by experts in the respective  subjects. We take this opportunity to thank each one of them for sparing their valuable time and equipping our candidates to face the Written Test, scheduled on 15th January, 2017, with confidence. We wish the aspiring candidates all Success.

 

With Warm Greetings,    

             

                                                                                                              Yours sincerely,

                                                                                                                  (K.K.NAIR)

                                                                                                     GENERAL SECRETARY

PLEASE CIRCULATE AMONGST ALL OFFICER-COLLEAGUES

 

CIRCULAR TO MEMBERS NO.1 OF 2017                                                     2nd January,2017

 

Dear Members,   

                    

                          RE: WELCOME THE NEW YEAR - 2017 -  LET US MARCH AHEAD

                                                                         -----o0o-----

 

We take this opportunity to wish each one of you and your family members a very Happy  and Healthy New Year. May the year 2017 bring prosperity and progress to you in your life and career. In order to make the New Year  historic, both in terms of the growth of our Bank and welfare of the officers’ community, let us resolve to work with the zeal and solidarity  that have been  the hallmark of our collective  glorious existence.

 

Challenges, Friends, have not been new to us in the Banking Sector.The year bygone has not been an exception.In fact, the events in 2016 have been an extreme test of our commitment and ability to rise up to the expectations of the Government and the people of our country when unprecedented challenges were thrown at us.After successful implementation of  Prime Minister’s Jan Dhan Yojana, the epoch making economic reforms brought in by the Hon.Prime Minister through demonetization of Rs.500/- & Rs.1000/- currency notes and the herculean role played by you has been widely appreciated. Congratulations to you for conquering such an uphill task.Each one of you, inspite of severe constraints and a derailed work-life balance, responded to the call of the authority, earning applauds  from the Hon.Prime Minister himself.  

 

The year 2016 remained eventful for officers as our efforts for realization of certain benefits have seen positive results. Reimbursement of Out-of-Pocket expenses of Rs.3000/- per day to officers who are required to work on Sundays/Holidays, Increase in Festival Advance without ceiling,Revision in the Baroda Vehicle Loan for Young Officers,Transport of Household Goods/Personal effects and Lumpsum Payment on Transfer, Modifications in the Scheme for Compassionate Appointment/Payment of Ex-Gratia Financial Relief to Dependents of Deceased Employees/Employees who retire on Medical Grounds and the Revised Procedure for Confirmation of D.R.Os are some of the benefits we could get for officers in our Bank. Along with a large number of promotions to various grades/scales, our Bank also undertook the exercise for Inter-Zonal Retransfers.We take this opportunity to thank Shri P.S.Jayakumar,Managing Director & CEO and his Team for such praiseworthy improvements in service conditions.

 

Friends, let us all join hands and realise the goals set before us by our Bank.We shall succeed.

 

With  Best Wishes,       

           

                                                                                                              Yours sincerely,

                                                                                                                  (K.K.NAIR)

                                                                                                     GENERAL SECRETARY

 PLEASE CIRCULATE AMONGST ALL OFFICER-COLLEAGUES